Hi everyone, My wife and I are looking to start in the real estate investment game. Currently, we own a residential property in Woburn Massachusetts that we use as our primary residence. I work as a software engineer ...

Build your business.

Without new investor, there won't have any business.

Additionally, be sure to have a solid business plan in place to present to potential lenders.2) In addition to a construction loan, you could also explore other financing options such as traditional mortgages, lines of credit, or even private investors.

@Mark Gerlach creative, but mortgage fraud.You have to disclose if you own more than 25% of a business you use as income to qualify.Why don't you just get a DSR loan that should allow you to do the rehab and use the projected rents to qualify?

As far as picking a neighborhood, I would consider the vacancy rate and average household income.

I am writing my business plan and I am trying to figure out how I will include in the renovation costs from a percentage of the purchase price, This is if I even have to because of the business type?

The parties experience, strengths and availability are critical to ensuring  the partners duties and responsibilities are compatible and capabilities are sufficient to execute on the business.

I've been in the home valuation business for 30 years, so I'm highly proficient at using the MLS and County Records nationwide. 

Good luck and Happy Bidding.https://www.tax.newmexico.gov/businesses/property-tax-overvi...